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jobs. without the income tax they were forced to limit the growth of their government. every state has prisons, schools but they find a way to fund those for less. those nine states gained population from other states, increase jobs four point* 9%. the other states declined. competition between neighboring states keeps them from indulging. new hampshire kept vermont politicians from going crazy. the existence of arizona and nevada teacher the california legislator from going crazy. they still do despite so many people moving. but it is good we have places like texas. smaller government meanss tomor "fox & friends."nt meanss tomor >> tune in for the after the show show. >> brenda: the people have spoken. 83% of americans calling government spending out of control. so, what do some democratic lawmakers want to do? get rid of the nation's debt limits. they say it's keeping the economy down but won't getting rid of it just push the economy down even more? hi, everyone, i'm brenda buttner, this is bulls and bears and let's get right to it. the bulls and bears this week, gary b smith, jo
by on outgoing president 52 years ago this woke was the role in government in solving america's problems. we'll share with you some of the comments of dwight eisenhower in his farewell address. what is the role in government in solving america's problems. you can join the conversation by giving us a call. you can send us an e-mail at journal at cspan.org. let's begin with the act two second terms for u.s. presidents have been problematic but not cursed. what history will says about how president obama will do. will obama blow another mandate. meanwhile from the hill newspaper there is this words from senator mitch mcconnell after four years of frosty relations senator mcconnell is reaching out to the president. senator mcconnell called on the president to use his inauguration speech to focus on the massive federal debt happeninging over the heads of our children and grandchildren. it is an offer senator mcconnell made four years ago but was soon forgotten. in his editorial he said given the serious nature of the challenge, i hope the president uses his address to acknowledge the seriousness
in for the after the show show. >> brenda: the people have spoken. 83% of americans calling government spending out of control. so, what do some democratic lawmakers want to do? get rid of the nation's debt limits. they say it's keeping the economy down. but won't getting rid of it just push the economy down even more? hi, everyone, i'm brenda buttner, this is bulls and bears and let's get right to it. the bulls and bears this week, gary b smith, jonas max ferris and along with todd schoenburger. >> gary get rid of the debt ceiling best or worst thing for the economy? >> it's absolutely the worst thing, brenda. the left likes to say, well, you know, ronald reagan raised the debt limit 18 times, george bush raised it 7 times, bill clinton raised it 8 times. so, you know, both sides do it so it must be okay, and from the perspective of fair and balanced, it has to stop no matter who is president. we go through the same cycle, we raise the debt limit, spend more,en go out and borrow more, and raise the debt limit again and it looks like it's unstoppable, but this is the check and balance of how to gov
's it for "the five." >> bret: should a government drowning in a sea of red ink take on more help to victims of the superstorm sandy? that is a battle right now on the floor of the house of representatives. this is "special report." ♪ ♪ good evening. i'm bret baier. right now, behind me, the house is engaged in a battle that serves as a microcosm for epic struggle of the nation's soaring debt. on one side, the president, democrats and some republicans from the region affected who want to spend billions helping storm victims. on the other, other republicans who say much of the money many this latest bill is targeted elsewhere. and that any funds should be offset with cuts. chief congressional correspondent mike emanuel has update tonight from capitol hill. good evening,be mike. >> reporter: good evening. with debt and spending expected to be the major fight for much of the year, today it is disaster relief money for the northeast following sandy. that is in the middle of the struggle. >> tragedy like hurricane sandy shouldn't be used as an excuse for a grab bag of spending having nothing
a cover story about the failure of americans to understand our government. some very scary statistics. two out of every three graduating high-school students today believe that the three branches of government are republican, democrat, and independent. that is an actual poll. 75% of all americans don't know that religious freedom is protected by the first amendment. 75%. more americans can name the judges on "american idol" than on the supreme court of the united states. what does this mean to us? how did we get here? well, first of all, unless the next generation understands the obligations imposed by the constitution, we are going to have a serious, serious problem. my children can always tell me about their rights, but very rarely tell me about their responsibilities. those responsibilities are critical to our future as a country. the fact of the matter is, if we do not understand the constitution, if our children do not understand the constitution, and appreciate the separation of powers, and appreciate the different roles that are branches of government are meant to play, how are our
the constitution. members spent 1:05 reciting the entire u.s. constitution. it's the basis of our government, of course, but this is only the second time ever the entire document was read aloud in the house. >> we the people of the united states in order to form a more perfect union -- >> no person except a natural-born citizen shall be eligible to the office of president. >>> the powers to all cases of law and equity. >> full faith and credit given in each state to the public acts. >> congress shall make no law respecting an establishment of religion, the right of the people to keep and bear arms shall not be infringed. >> neither slavery nor involuntary servitude shall exist within the united states. >> the validity of the public debt of the united states authorized by law shall not be questioned. >> the right of citizens of the united states to vote shall not be denied on account of race, color or previous condition of servitude. >> the right of the citizens of the united states to vote shall not be denied on account of sex. >> the 18th article of the amendment to the constitution of the
gas complex in the eastern algerian desert gas fields. the house syrian government sent in its military to stop those terrorists tried to transport their hostages from the plant run by bp and the terrorists held dozens of algerian, asian, european, and american hostages. the government at this hour is reporting a special forces have completed their operation to free the hostages held by the terrorist group linked to al qaeda. there has been almost no independent reporting on the ground of what has occurred, the reported number of hostages ranging as high as 41. the number of american hostages as many as seven. the white house and state department confirming only the presence of some american citizens among the hostages, obviously relying principally on the algerian government for most of its information, although the united states has had drones over that plant for much of the time. so at this hour this is what we do know, that the algerian government has concluded its operations against the terrorists that the incident is ending. some north african news outlets have claimed th
and government reform committee. host: good morning. house members have returned to washington with votes slated later today for emergency aid for victims of superstorm sandy. new york is poised to become the first state to act in response to the mass shooting in newtown, connecticut, keeping guns out of the hands of the mentally ill and banning assault weapons. president obama has in hand to the recommendations from joe biden on gun-control and will push for action. the front page of the washington journal says president obama escalates the fight on the w economy. is the debt ceiling negotiable? your thoughts? send us a tweet or post your comment on facebook. you can also send us an e-mail. president obama held his last official news conference of the first term yesterday in the east room of the white house. here's what he had to say on the debt ceiling debate. [video clip] >> republicans and congress have two choices. they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will not collect ransomed in exchange for
government not to take actions that could jeopardize those still being held but the algerians have a long history with jihadist and they have shown they won't let hostage takers get out alive. >> we'll head back for breaking details. thank you. >> turning to the u.s. economy. consumer sentiment at the lowest sentiment for more than a year. reuters survey showed 35% of consumers have a negative reaction to fiscal cliff negotiations. the dow finished up 54. the s&p 500 gained five. the nort nasdaq lost one. there is word tonight that republicans may be willing to give a little now to get something back later. we are talking about the debt ceiling. versus spending cuts. chief congressional correspondent mike emanuel reports on the house g.o.p. winter retreat in virginia. >> at the house g.o.p. retreat in williamsberg, virginia, the leaders decided they will pass three-month temporary increase to give them time to finalize a budget. speaker boehner said before there is long-term debt limit increase a budget should be passed that cut spending. the house g.o.p. whip hinted at the strategy. >> o
government's about to take all your guns away. and there's probably an economic element to that. it obviously is good for business. responsible gun owners, people who have a gun for protection, for hunting, for sportsmanship, they don't have anything to worry about. the issue here is not whether or not we believe in the second amendment. >> the vice president in a stat outlined 19 areas where president obama could use executive action to enact new gun-control policy. the president confirmed he was willing to bypass congress, if necessary. >> i'm confident that there are some steps that we can take that don't require legislation and that are within my authority as president. and where you get a step that has the opportunity to reduce the possibility of gun violence, then i want to go ahead and take it. >> well, a new "washington post"/abc poll shows 58% of americans are in favor of a ban on assault weapons. 39% oppose. 65% support a ban on high-capacity ammunition clips. an overwhelming 88% say they support background checks at gun shows. as for the nra's proposal of placing armed guards in sc
changing the laws left and right. >> they want the government to take care of people. >> we use to get rabbit and some other things. stuart: your honor, my child excluded from the cafeteria. poisoned and school. give me a million dollars. >> all i grew up with was peanut butter and jelly sandwiches and school. >> peanut butter and jelly is the best sand -- sandwich. stuart: i was surprised. >> they owe you money. sue them. stuart: dagen and, oh, it is yours. dagen: on american. connell: i love peanut butter, myself. good morning, everybody. dagen: what will the president do to get america back to work. connell: president obama was unable to talk these guys. more importantly, can we keep this up? dagen: a key to a better economy. keys to your house, a new house hopefully. connell: let's talk about the markets. nicole petallides starts us off as she does each day with stocks now. nicole: taking a look at a market that really has shown strength over the last seven of the past nine weeks. the dow trading as high as 13,682 prior to pulling back here into negative territory. we are seeing mu
kathy rogers told "political" i think it is possible we would shut down the government to make sure that president obama understands that we're serious. well, i guess that would do it. we always talk about whether or not we're going to kick the can down the road. i think the mood is that we have come to the end of the road. what road? and republican congresswoman marsha blackburn of tennessee said this to msnbc's chris jansing. let me ask you if you're willing to shut the government down? >> we're looking at all the options, there is the option of government shutdown, the option of raising the debt ceiling in short-term increments. i think there is a way to avoid default if it requires shutting down portions of the government. let's look at that. >> and in his press conference, president obama quoted speaker john boehner from 2011. >> that would be a financial disaster, not only for our country but for the worldwide economy. i don't think it is a question that is even on the table. >> and the last question of his press conference, the president was asked if he may be more successful
! and then more injustice from our government unfortunately. now we've got a case of a man who's doing something perfectly legal in california, and what's the government going to do? send him to prison for 10 years. >> they came in there basically took all our stuff seized everything. >> public records show corporate paperwork goes to matthew davies, the property manager in stockton. >> cenk: that guy looks really dangerous. take a look at him with his family. a businessman doing something perfectly legal in california, so here comes it is obama justice department to try to put him in jail. there's something deeply wrong with our government. those are the guys in government. the guys out of government are about to cash in as serious money as mobbyists. i'll tell but that, too. it's go time. >> cenk: all right, look at the white house. that's where some new gun control proposals are coming out right now. there's news all over the place on gun control not just washington but also new york. governor cuomo passed the toughest gun laws in the country, it's going to get passed probably on tuesday. her
rated as one of the worst two-year sessions in the history of the united states government. well, what are we going to do differently? how is it that we only addressed one out of 24 appropriation bills over the last two years? how is it that so many important bills never made it to the floor of the senate, bills such as the replacement for no child left behind, coming on bipartisan vision out of -- out of committee? how is it that so many bills came to this floor to never see a final vote? the disclose act which would have eliminated secrecy in campaign donations. the dream act, which would have honored creating a future for those who know only america as their home. the president's jobs package, which would have helped put america back to work. the closing of loopholes for the biggest, most wealthy oil companies. those funds could be put to use, reducing our deficit or funding critical programs for working americans. on issue after issue after issue, we saw inaction. and what we heard yesterday at the start of this next two years was a call from the president for action. he said in hi
of resistance. but we deal with that through enlightened government policies, feedback, and changing them when we find they do not work. and encouraging the private sector where the ideas come up. i do not think -- steve jobs working in his career came up with stuff. i did not know that steve jobs was working in that group on the computer. we want to have space for that. we need space for innovation, it is a constant challenge. the power of the conventional is so overwhelming and the convergence is so powerful that to try to innovate is exhausting in government. let me tell you. in spite of that, i am ready for several more years of innovation. i hope you are. i hope california is. [laughter] [applause] >> for this next question, let's pretend that president obama is sitting in this chair. but pretend this is a private room -- let's pretend this is a private room. we need everyone out there to be quiet. if you were here along with the president, what are the two things you would tell him you need to make your state more competitive or all states more competitive? >> i think and i am an unabash
of government and those that benefit from the government the woman who has a job thanks to the auto rescue. the dad's whose family is protecting thanks to the health care law. i think you get the point. austerity isn't the point. more government is. this inaugural weekend is all about a blueprint for revving it up. the white house says it is low-keying the inaugural festivities because of economy, somehow cutting yourself down to two presidential balls doesn't exactly strike me as sacrifice, as much as a slap in the taxpayer's face. to joe perry, marco and chris. not exactly partying. more like watching and worrying. what do you make of what is going on, joe? >> really what has happened is the administration has brought back the specter of uncertainty. we're in the trenches. we're lending money. banks like gold coast really look to help small businesses out, help them realize their dreams. help them have their businesses grow and what the administration has done with the tax hikes that will affect these small businesses, they have essentially --. neil: have you seen that? >> put a damper,
government can play the big brother role to make inequalities disappear, and if we form the argument in a moral text, we can really gain a lot of ground with young people. >> put a number on this, neil. neil: go ahead. >> put numbers on this. if you're talking about, again, a child just born or children that might be born ten years from now or 20 years from now, they are talking about when they become workers and productive adults, they are talking about essentially a second mortgage of anywhere between 250 and $400,000 as they start their life because of the national debt. we don't know how big the debt rises in ten years, but we know the numbers are going to be big. neil: i'm wondering, steve, if that message gets across, if politicians deliberately make you think you can do all of this and solve the fiscal ills just raising taxes? what -- who is to blame kids if they think, well, i'm okay. i needn't worry. >> neil, i think the problem is deeper than that. the problem is simply this. the young people are going to pay need bills as i just said before, and guess what? they are not vo
yesterday with one reference to the deficit. if no debt limit is reached, however, the government could default on its obligations within weeks so watch that story. martha: well, this is an interesting one. pro golfer, phil mickelson, doing a little bit of backpedaling today saying he regrets the public comments he made on the issue of his taxes in california. mickelson said he may move out when he made the original comments, of the state, because all taxes combined end up to more than 60% tax rate. now he is telling fox news contributor jim gray, quote, finances and taxes are a personal matter and i should not have made a opinions of, on them public. i apologize to those who i have upset or insulted and i assure you i intend not to let it happen again. why would he feel the need to do that? stuart varney, joins me, anchor of "varney & company" on the fox business network. stuart, this is an interesting one. >> it really is. the left beat up on phil mickelson big-time because he complained about all the tax money he has now got to pay. specifically you had, basically the left is saying
, the fourth-largest investment bank in the world. >> isn't the government supposed to protect the investors? >> yes. >> aren't they charged with informing investors? >> yes. >> why didn't they do it? >> welcome to 60 minutes on cnbc. i'm bob simon. even though fraud played a significant role in the 2008 meltdown of the american economy, as of late 2012, there have been several civil suits filed against major wall street financial firms, but not a single criminal prosecution. in this edition, we look back at the 2008 financial crisis and the failure of government regulators to prosecute those who might be criminally responsible. later, lehman brothers bankruptcy investigator anton valukas shares his findings on the collapse of the giant investment bank where no senior official has ever faced charges in the biggest bankruptcy in u.s. history. but first we begin with a nine-month 60 minutes investigation looking for wall street cases that might have prosecutorial merit. in december 2011, steve kroft reported on two such cases. we begin with a woman named eileen foster, a former senior executiv
and information coming from the city governments for two years against drugs and drug cartels. knowing that there is another stage in the initiative, which is going to do the state government and not the government in this new phase of the initiative they think is necessary that the american people, the federal government in mexico and the united states in which we have a lot of hope in the government of mr. pena nieto and the government of mr. obama, that they can listen other voices on a very delicate subject to security. what are we doing, local governments facing challenges that sometimes go out of our hands and anyway we have to deal with them. there is no doubt that the main concern, for instance, in my city in northeast mexico is a border state with taxes. too often, cities have borders with the rio, texas that we also have my city on the southeast part of the state and it's a strategic location. my city the city of 670,000 people. it's a big city. the metropolitan area sharing the space which has two cities, our neighbors in another city, which is my city. there is no doubt tha
, but it has to have a component of the state and government to help foster it, and the line that really stuck out to me was these truths can be self-evident, but they're not self-executing. what he made was a case for why there is an important role for the government to play to basically protect our rights but also to advance us as a society whether it's on climate change, immigration reform, bank regulations, and so on down the list. it was a progressive case, but it wasn't necessarily a big government case. saying there's a mix of -- >> let's talk about some examples. i think you know them. the right wing ideas of rights is leave me alone, i got enough guns here in this house to hold you off for a couple days anyway if the government comes in with helicopters. progressives' idea of rights is a couple young people would like to go to the university of mississippi. it took the federal troops to go in there to get them in the door. a governor named george wallace tried to stop people at the door at the university of alabama, they had to be pushed aside. that's an aggressive communitarian notio
of government to regulate guns, but they also put a definite boundary on how far those can go. so an outright ban on handguns like we had in chicago before, like washington, d.c. had, that goes too far. whether the second amendment right goes as far as to extend the right of self-defense that the supreme court found that you have in the home to when you leave the home is another question spirally. entirely. and i think, ultimately, probably the what happens in congress is not going to be greatly affected, is not going to be greatly constrained by what the supreme court is going to allow. i think the court on things like regulation of particular types of guns, waiting periods, background checks and things like that is, will probably be willing to -- we'll probably be willing to allow that sort of thing. >> i wallet you all to know that -- i want you all to know that i've opinion sending mash notes to my wife who's away. [laughter] i know this is a big appointment for you every day, you may not see nightly news tonight, but chuck todd actually had a report on what the president's going to recom
: will america buy that we the people is now we the government. we will report. you will decide. >>brian: one guy i know does buy it. it looks like he'll have his media in the corner with the president of the united states. this network executive heard an article telling the president to pulverize and destroy republicans. you can go for their throats. we see him sunday with bob schieffer. we can't make this up. we'll review it only for you on "fox & friends." >>steve: it is the coldest day of the winter so far here in new york city. that is why it was a good decision to go indoors today. >>gretchen: you know even though i grew up in minnesota, i hate the cold weather. so let's pretend it is 90 degrees and go for it. >>brian: yesterday 600,000 people happy yesterday was a little warmer. it was at a minimum 800,000 shy from four years prior. the balls that followed, the parade that ensued. it's always a great day in america. >>gretchen: for me, beyonce. i see that you and i slept together again last night. >>brian: do you mean purple? >>gretchen: sure. let's do headlines. three americans were unfor
. that is the reason. if the government had a list of who has guns, the belief is that if a tyrant or tyrannical rule of law makers takes over, they know who to go for to take away guns. that is to take away freedom. it is a longstanding belief. this is also what informed people, touching on the immigration issue, people who did not want to have a national id card, something that will weed out illegal immigrants if you have an id card, a lot of people believe that that is an infringement of rights as well. the have centralized lists, that is one libertarian and other people began to get worried about government power. i believe the instant background checks, there are rules about how long the government to keep the intermission of who applied for a gun permit -- who has been able to purchase any firearm under that were so great about the government having the list that are required to get rid of the ever mission or dispose of it within a time. . -- within a time period. host: lloyd is joining us from pennsylvania on the republican line. caller: there are two items i want to try to do quickly. why is
enough for their retirement. they are increasingly reliability on government funding so that is a long-term problem. in fact, that's one of the reasons that we haven't been able to see a robust recovery is we don't have that catalyst for growth, ie the consumer taking on new amounts of debt and spurring new consumption because we're still de-leveraging from the decades of debt accumulation we've gone through. clearly this is a long-term probable. if we're focusing on just 401(k)s i don't see this as a net negative, people being able to access their own funds and use them as they see appropriate. >> i definitely don't recommend it. >> steve, while i have you here, i understand you have more detail on secretary geithner's letter to speaker boehner. >> right. >> what can you tell us. >> on the one hand it's completely expected. there are four extraordinary measures that the treasury secretary is allowed to invoke as we near the debt ceiling. what he did in this letter that just came out is he invoked the third one. i believe all four of these measures are built into the existing timetable
branches of government and some of the articles of constitution coming into play, it was, really, a celebration of our government, our democracy, and our historic traditions. when it came to the president's speech that was different. i agree with what ed said and some of us said earlier, the president said, i campaigned on a bunch of issues and i intend to redeem those promises i made. i will keep the promises. there was talk of common ground but, shep, what he was saying was, common ground, coming together on his terms, whether it was support for entitlements, whether it was women's issues, gay rights, immigration reform, voting rights, gun control, he was basically saying, i won. >>shepard: you are putting women's rights and some of the others all in a partisan matter? he talked about protecting the children from newtown, the way you go about that is a matter of political debate, but you way you get women's equal pay is something for partisan debate but one side or the other does not believe that women are worth less than men because their chromosomes are different. >>chris: i
and the kidnapping is in revenge for french intervention in the country of mali. overnight the algerian government has been in talks with both united states and france, and we understand that the algerian government is now talking to tribal leaders that apparently do have ties to the terrorists. here's how the thing went down. there was a bus carrying american, british, norwegian french and japanese workers. that bus was ambushed by two armed men and two people were killed. they took off to the gas field and the total number of hostages remains unclear but reports say it ranges from 15 to 40, including 7 americans. >> they are a threat. they are a threat to our country. they are a threat to the world. and wherever they locate and try to establish a base for operations, i think that constitutes a threat that all of us have to be concerned about. >> the u.s. government is also calling this a terror attack. and this is the guy believed to be behind it all. his name is moqtar, a one-eyed veteran jihaddist with ties to al qaeda. he was apparently kicked out of the network because they say he was more i
says the government has begun borrowing from the federal employee pension fund now to keep operating without surpassing its debt limit. these are some of the steps they can take. in a letter to congressional leaders, geithner says the move will free up $156 billion in borrowing authority. we've gone through that this morning. the action has been taken by other treasury secretaries and will not put in jeopardy any monthly pension payments. that's not a lot sounds like a lot. >> not a lot at all. >> fay back later. >>> the house approved $50.5 billion in long-delayed federal disaster aid to the victims of superstorm sandy yesterday by a vote of 241-180. the senate is expected to pass it. the house approved the aid in two parts. $17 billion in funds to cover immediate disaster relief. $33.5 billion in longer term reconstruction funds. >>> big day today as far as birthdays. maybe you're not aware of this -- especially it's appropriate today that it's this gentleman's birthday. >> who? >> whose birthday? >> his 112th birthday. >> google like some -- >> who's that? >> oh, we're going to ha
. >> and the legislature do this? >> we do not get turned into people that are absolutely afraid of what the government can do to us. >> we are going down a slippery slope that can be very dangerous. >> we are going to miss an opportunity of the source of this anger and violence. stuart: baby i went overboard. i have been saying all morning i think that is the most important shift. what do you think? >> i think that is true. >> even when the police chief was colin ferguson, i have to be honest, a guy like that, they taken off the street and then they put him right back out. stuart: he would not be allowed to buy a gun. >> most of these guys are not allowed to buy a gun anyway. thank you very much. stuart: dagen and final, it is yours. connell: the new plan for gun control. we will take you there live. dagen: jamie dimon, his take is cut in half. the man still made millions last year. connell: japan's two largest airlines ground the dream liner after yet another incident. dagen: stocks now and every 15 minutes. nicole petallides on the floor of the new york stock exchange. nicole: let's take a look at jpmor
the building. people received $200 for semi automatic weapon. $100 for other guns. >> a typical government operation designed and implemented more than flawed. >> marin county district attorneys office will count the vouchers to see if they can raise the extra money. >>> police in san leandro are searching for two men who robbed an home depot store and caused a worker to faint. two masked men entered the store just after 7:00 last night. they robbed a cashier at gunpoint. one employee fainted and taken to a hospital for treatment. >>> veterans advocates says walmarts willingness to hire newly returned war veterans could start a chain reaction. it will start hiring any veteran that has an honorable discharge and has been off active duty for less than a year. some say they are not sure if this would be just a short-term fix or a long-term career move. >> i couldn't see myself working as a clerk at walmart, but maybe there is other positions that i might find suitable. >> walmart's president says getting 100,000 veterans into the civilian work force should help stimulate the economy and after
government in an effort to stamp out islamic extremists. in jerusalem connor powell, fox news. >>> back here at home the fight over gun control continues. the president's gun initiative faces an uncertain future and divided congress. president obama may hit a serious opposition from members of his own party. >> the will to change gun laws in the aftermath of the sandy hook massacre is beginning to meet political realities. paul vowed to nullify the 23 executive actions signed last week. diane fine stein plans to introduce a new assault weapon and extended magazine ban. >> leader reed says he intends to make guns one of the earliest things we consider on the floor. chairman lay sehey talked about having hearings right away. i think you will see action quickly. >> there are 20 democratic senate seats up for grabs in 2014 including in the gun friendly states of arkansas, alaska, louisiana, ohio, new hampshire and south dakota. after the assault weapons ban passed in 94 democrats lost control of the house all of which suggest compromise may be in the works. >> we don't expect all of it to pass i
company, not just the united states. you need a government investigation and injugs to stop him if he wants to go higher. >> that seems to be the crux of mr. acman's argument. that eventually it will shut them down. >> obviously they can take profits heave, right? but this isn't -- i have 6:00 that if lobe and icahn want to come in at the same time that the company comes in with a buyback underneath action then this is a better long than a short. >> it's interesting in the conversations we've been having with lawyers, acman has boasted in the past he -- has more -- >> what's the price per lawyer, like a p.e. kind of thing? i think herbalife, this is a battleground like you wouldn't believe. will be back to where -- >> it's higher. >> right. i just think that you're misjudging michael johnson, if you think he's not going to be there buying back stock. he's a passionate man. i don't want to misjudge michael johns un. >>> coming up next, the need for speed, ducati and how they plan to rev up performance this year. [ male announcer ] you are a business pro. executor of efficiency. you can
, prepare for a bond-style showdown as the government barrels towards its borrowing limit. that said, there might exist a solution that would allow congress to do what it does best, which is to say nothing at all, and still save the economy. this do nothing approach was floated by senate minority leader mitch mcconnell in 2011, and president obama gave it a hat tip yesterday. >> they want to put the responsibility on me to raise the debt ceiling, i'm happy to take it. mitch mcconnell, the republican leader in the senate, had a proposal like that last year, and i'm happy to accept it. >> how does it work? step one. president asks congress to raise the debt ceiling when it's within $100 billion. step two, the congress rejects that request and sends a joint resolution of disapproval back to the white house. step three, obama vetoes the resolution of disapproval. step four, congress does nothing. as long as the house and senate wait 15 days before addressing the white house veto, then the president gets his original wish and the debt ceiling automatically goes up. in other words, a redo
? >> that is government numbers used by republican members of the senate budget committee. it represents a whole new america. in fact, it represents a total reversal from the days of welfare reform in the mid-1990's. welfare has made an enormous come-back. there are no plans to rein it in. it is going to go up by $11 trillion. spending on welfare up $11 trillion in the next ten years. that's astronomical. >>steve: is a portion of it a sign of the times because the economy is so bad and it is hard for people to find work and they need assistance? >> absolutely not. there has been a shift in the eligibility for welfare during the obama years. more people are getting heating assistance, cell phones. you name it, you can get more of it in the obama years. point is there is no plan to rein this in. the president is adamantly opposed to any spending cuts or any reining in of these run-away programs. >>gretchen: one in six americans now on food stamps. i think one in four children, i've heard, are on food stamps. >> 19.9 million children are fed by the federal government. >>gretchen: you know what comes to
, after much prodding, because i'm afraid one day the government may come after me, and i will need to use my assault weapon on u.s. soldiers that are coming to my house. they don't say it exactly that way, but that's what it always boils down to. and that's -- republicans need to understand that at the end of the day, that's just a losing argument. >> well, it's a slippery slope argument. and the danger for that for the nra essentially by saying any gun control is unacceptable, then it puts itself outside the substantive argument, and that's actually a risky strategy. i actually thought yesterday was an interesting day in american politics. i thought it was a really big, bold, comprehensive proposal by the president which is good because it gives you a narrative. if the problems are that big, you actually need a big proposal to match it. it also gives you some room for compromise. there's a great line in robert caro's latest biography of johnson. they're talking about how big to be on civil rights and one of the so-called wise men goes to johnson and basically said that's not practical. i
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